iAnthus Q3 revenue $40.3M (-6.1% YoY); net loss narrows to $11.6M

iANTHUS CAPITAL HOLDINGS, INC.

Revenue $40.3M, down 6.1% YoY and 6.3% sequentially from Q2 2024.
Gross profit $18.1M (+35.5% YoY); gross margin 44.9% (up from 31.1% YoY but down from 48.1% Q2).
Net loss $11.6M vs $19.2M in Q3 2023; per-share loss $0.00 in both periods.
Adjusted EBITDA $5.3M vs $0.8M in Q3 2023 but down from $8.9M in Q2 2024.
No forward guidance provided; sequential declines attributed to market conditions.

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